Gloves come off in fight over Emir

A European Parliament vote on elements of the Emir text scheduled today could have far-reaching consequences for the future of European policy-making

By

Michelle Price

Updated: February 4, 2013 3:10 p.m. GMT

The European Parliament’s Economic and Monetary Affairs Committee, known as Econ, is today poised to reject key details of new European derivatives reforms in a development that European policy experts have described as “precedent-setting” for the future of the European policymaking process.

Tim Gieles, a manager at Brussels-based financial services consultancy Cicero, said: "This is definitely new territory - this has never...